Overview and Scope
Cloud-based event management is the use of cloud computing technologies to plan, organize, and carry out events, including conferences, seminars, trade exhibitions, and meetings. This approach involves using online platforms, applications, and services housed on remote servers to streamline different parts of event administration, such as registration, communication, content delivery, and analytics.
Sizing and Forecast
The cloud based event management market size has grown rapidly in recent years. It will grow from $8.98 billion in 2023 to $10.45 billion in 2024 at a compound annual growth rate (CAGR) of 16.4%. The growth in the historic period can be attributed to increasing use of cloud-based technology, growing demand from the event management industry, increasing globalization of businesses and events, increasing shift to remote work.
The cloud based event management market size is expected to see rapid growth in the next few years. It will grow to $18.92 billion in 2028 at a compound annual growth rate (CAGR) of 16.0%. The growth in the forecast period can be attributed to increasing acceptance of virtual and hybrid events, increasing demand for event automation, increasing need for scalability in event management, growing demand for mobile event management solutions, growing preference for on-demand event management solutions. Major trends in the forecast period include technological advancement, AI and machine learning integration, real-time analytics, virtual reality (VR) and augmented reality (AR), social media integration.
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Segmentation & Regional Insights
The cloud based event management market covered in this report is segmented –
1) By Component: Software, Services
2) By Organization Size: Small And Medium-sized Enterprises (SMEs), Large Enterprises
3) By End User: Event Organizers And Planners, Corporate, Government, Education, Other End Users
Top 5 Major Players:
- ACTIVE Network LLC,
- The International Business Machines Corporation,
- RainFocus,
- Zoho Corporation,
- Cvent Holding Corp
North America was the largest region in the cloud based event management market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cloud based event management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growing popularity of virtual events is expected to propel the growth of the cloud-based event management market going forward. A virtual event, also known as an online event, refers to an event that takes place online, where participants engage virtually rather than physically. The increasing popularity of virtual events can be attributed to their accessibility, cost-effectiveness, increasing remote work jobs, and environmental considerations. Cloud-based management services provide a centralized platform for event organizers to manage all aspects of their events, from registration and ticketing to attendee engagement and post-event analytics. They also offer tools for online registration, ticketing, and attendee management, automating these processes and reducing administrative burdens. For instance, in January 2022, according to a survey conducted by Vimeo, a US-based video hosting, sharing, and services platform provider, 72% of the survey participants intend to attend the same number (or more) of online events as they do now, once in-person events resume. 27% plan to attend more virtual events than they presently do. Virtual events have increased in popularity by 35% since 2020. Therefore, the growing popularity of virtual events is driving the growth of the cloud-based event management market.
Key Industry Players
Major companies operating in the cloud based event management market are ACTIVE Network LLC, The International Business Machines Corporation, RainFocus, Zoho Corporation, Cvent Holding Corp., Arlo Technologies, XING Events, Bitrix24, Eventbrite, Aventri Inc., Tripleseat, Bizzabo Limited, EventMobi, Attendify, Certain Inc., webMOBI, EventBooking, EventsAir, Momentus Technologies, EventGeek, Hopin Ltd., Meeting Evolution Inc., Regpacks, Boomset Inc., EventPro Software, Eventzilla
The cloud based event management market report table of contents includes:
1. Executive Summary
2. Cloud Based Event Management Market Characteristics
3. Cloud Based Event Management Market Trends And Strategies
4. Cloud Based Event Management Market – Macro Economic Scenario
5. Global Cloud Based Event Management Market Size and Growth
….
32. Global Cloud Based Event Management Market Competitive Benchmarking
33. Global Cloud Based Event Management Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Cloud Based Event Management Market
35. Cloud Based Event Management Market Future Outlook and Potential Analysis
36. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Cloud Based Event Management Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Cloud Based Event Management Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Cloud Based Event Management Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
….
Table 74: ACTIVE Network LLC Financial Performance
Table 75: The International Business Machines Corporation Financial Performance
Table 76: RainFocus Financial Performance
Table 77: Zoho Corporation Financial Performance
Table 78: Cvent Holding Corp. Financial Performance
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